What can you do if your existing bank line of credit from a traditional bank is too small to grow your business? Receivables factoring from ARfunding.org can help. Many times a line of credit is based more on your personal credit or the value of your personal assets. Accounts receivable factoring and PO funding, on the other hand, is based on your orders and invoices from and to creditworthy clients.
What is a Line of Credit?
A Line of Credit (LOC) is a credit facility provided by a financial institution or another commercial funder to the business, Government or an individual. The borrowing has a limit which can not be exceeded. The borrowing draws down on the account at any time, The advantage with a LOC over a term loan is a borrower who is typically only charged interest on the amount withdrawn at any given time vs an entire loan amount. A line of credit is a source of funding extended to a company to help meet its liquidity needs. A LOC is generally for a short-term arrangement. A bank link of credit helps Business owners to use it in emergency situations like for meeting payroll.
An example of Line of Credit
Let’s say you have a $30,000 line of credit but you have picked up a new client that will generate $90,000 in new orders. You can’t fund your payroll or raw material purchases with the line you have. ARfunding.org can advance you up to 90% against your invoices. That means you could have up to $81,000 right within 24 hours of your billing!
Get Your Bigger Line Of Credit with Receivable Factoring Today!
Apply Securely Now | 866-574-1714 | Email
Invoice Factoring We understand the stress you feel when dealing with cash flow and working capital issues You can grow sales but you need more money That is why since 1998 the...
